In its latest move aimed at slowing credit growth and inflation, the PBOC raises interest rates...

|By:, SA News Editor

In its latest move aimed at slowing credit growth and inflation, the PBOC raises interest rates by 25 basis points. A Morgan Stanley economist  notes that today's bump will have more of an effect than a hike after the New Year because of the way adjustable rate loans are reset in China. Merry Christmas!